Daily Crypto NewsEDITION #1171, 20 March

Sakura, Inflation, Two Assets

Today, March 20, 2025, no introduction. Let's review the Fed meeting.

The rate remained unchanged, but the Fed managed to prevent the markets from a sharp decline by maintaining expectations of two rate cuts in 2025. Same as in December.

 Now, brief key points from the meeting:

- The Fed decided to slow down the pace of balance sheet reduction

- Inflation remains elevated

- The economy is strong

- The labor market remains stable

- Short-term inflation expectations have slightly increased due to tariffs

- No rush to cut rates

- If the labor market weakens, we may ease monetary policy

- If the economy remains strong, we can maintain policy restraint for longer

- The baseline scenario is that the inflation rise will be temporary

- Long-term inflation expectations remain stable

- Focused on labor market dynamics and full employment goals

- Higher trade tariffs will delay reaching the inflation target

- Recession probability remains low

- Tariffs usually increase inflation

- Powell out.

Other major news today:

- Hollywood director Carl Erik Rinsch has been arrested  for allegedly stealing $11 million received from Netflix for a series—he spent it on crypto trading instead.

- Spectral has introduced Omen — the first hedge fund trading on Polymarket.

- Ethereum DEX volumes fell 34% in a week, yet ETH still dominates in stablecoin volume. You get the idea.

- ATOM Interchain Foundation (Cosmos) has funded the development of Cosmos EVM. Hopefully, it’s an Ethereum L2—because that would be funnier.